Air Products and Chemicals has announced that it is to increase its investment in hydrogen over the coming decade according to Platinum Today.
The company’s chief financial officer Paul Huck, will invest $10 billion over the coming ten years in ˜on-purpose hydrogen, which is made by the industrial gas giant rather than as a by-product of other processes.
That will be a major increase from the $5 billion Air Products has spent on the gas in the last decade and it highlights the importance of hydrogen today through its use as an alternative fuel source in fuel cells.
Further, the company predicts that hydrogen is going to become increasingly important to oil refineries, as the gas is used to reduce sulphur emissions from crude oil to provide greener energy.
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